Honda strengthens automobile R&D, procurement and production functions in China
New company is scheduled to become operational in January 2014
Honda Motor (China) Investment Co., Ltd. (HMCI), a wholly-owned Honda subsidiary in China, have announced the establishment of a new wholly-owned subsidiary, Honda Motor China Technology Co., Ltd., with the goal of further strengthening Honda's automobile R&D, parts procurement and production functions in China. The existing functions of the Guangzhou Branch of HMCI will be transferred to the new company and further localized to expand Honda's automobile business in China. The new company is scheduled to become operational in January 2014 and already has a plan to build a new company facility in the city of Guangzhou and move into the new building in January 2016.
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